US EditionAPEC Summit to Close in South Korea After Trump, Xi Agreed on Trade Truce
South Korea leads APEC meeting to enhance trade, connectivity, and economic resilience amid challenges like fragmentation and AI, with trade among members growing tenfold, Korea Times reports.
- On the morning of October 31, South Korean President Lee Jae Myung chaired the APEC opening session in Gyeongju, convening heads of government from all 21 APEC member economies.
- Building on the Seoul Declaration and the Busan Roadmap , South Korea pushed to revitalise APEC as a key platform for economic cooperation, urging members to balance shared interests with national priorities.
- Leaders discussed boosting trade and investment and improving regional links, with South Korean President Lee Jae Myung engaging counterparts from Australia, Canada, China, Japan, the United States, Southeast Asia, and Latin America and encouraging collaboration between governments and the private sector.
- Highlighting risks, South Korean President Lee Jae Myung noted economic fragmentation threatens investment flows and said artificial intelligence could accelerate growth or widen gaps, urging collective action.
- Since the forum was established, economic output and trade have surged; Lee attributed this to sustained collaboration and trust among regional economies as a foundation for future cooperation.
60 Articles
60 Articles
APEC Summit to Close in South Korea After Trump, Xi Agree on Trade Truce
The 2025 Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, ends today with a customary family photo of leaders and representatives with closing remarks from China's President Xi Jinping and the South Korean leader Lee Jae Myung.
Daily Journal
China's Xi to meet South Korean leader, capping APEC summit
Chinese President Xi Jinping will meet South Korean counterpart Lee Jae Myung on Saturday, capping an Asian summit at which Beijing and Washington agreed to a truce in their trade war.
APEC leaders set to adopt 'Gyeongju Declaration’
GYEONGJU, North Gyeongsang Province — President Lee Jae Myung is chairing the second session of the 2025 Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting, Saturday, where leaders of the member states are expected to adopt a joint declaration, a document encapsulating the key outcomes and consensus reached during this year’s gathering. According to the presidential office, the theme of the second session — known as the Retreat, a…
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